Clearlake Capital Group LP bought a majority interest in WhiteStar Asset Management LLC from fellow buyout firm Pine Brook Road Partners LLC, or Pine Brook Capital Partners.

The acquisition was in partnership with the credit-focused investment management firm's management team led by CEO Gibran Mahmud.

Berkshire Global Advisors was financial adviser to Pine Brook and WhiteStar. Skadden Arps Slate Meagher & Flom LLP and Milbank LLP were legal advisers to Pine Brook and WhiteStar, respectively.

Greensledge Capital Markets was financial adviser to Clearlake, while Simpson Thacher & Bartlett LLP was its legal adviser.